BlockBeats News, July 2nd, Yooldo Officially Addresses Market Price Plunge on May 25thThe team stated that the sharp decline in ESPORTS price was not initiated or instructed by the project team, but rather occurred when an external OTC partner and liquidity provider engaged in market activities that deviated from the agreement.The statement indicated that, according to a preliminary investigation, some selling pressure may have come from tokens previously allocated to this partner. However, due to fund flows through multiple wallets and exchanges, full traceability remains challenging. The project team emphasized that they have been cooperating with exchanges and relevant parties post-incident to investigate and have implemented measures such as liquidity support and establishing new long-term partnerships to mitigate market impact.The team also mentioned that they will introduce game updates and a token buyback plan going forward. They advised industry projects to carefully select liquidity partners to prevent similar risks from occurring in the future.